IPART Increases Electricity Prices by 20%

Yesterday, the NSW Independent Pricing and Regulatory Tribunal (IPART) released its final determination on regulated retail electricity prices with its report ‘Market-based electricity purchase cost allowance – 2009 review’. The new pricing covers the 2009/10 financial year.

IPART say that the new pricing ‘…represents an increase of around 21.7 per cent, 21.1 per cent and 17.9 per cent for regulated residential customers of EnergyAustralia, Integral Energy and Country Energy, respectively.’